As smart contracts are executed with specific instructions written on their code, they get executed when certain conditions are made. Smart contracts are how things get done in an ecosystem. When someone wants to get a particular task done in the ecosystem, they initiate a smart contract transaction with a pool. Smart contracts are a series of instructions written in solidity programming language. It basically works on the IFTTT logic so the IF-THIS-THEN-THAT.
Importance of Auditing — Even if smart contracts are a nice and useful technology tool, technical vulnerabilities can expose the entire system to the risk of hacker attacks. Users and a company’s platform reputation can suffer from that, so this is why it’s important to conduct audits to mitigate project risks. Smart contract auditing is a process that analyzes a piece of code to identify bugs and vulnerabilities. It will also validate the max token amount that will be released from a project contract. This process is normally done before the code is deployed and used on the main network because then it is no longer subject to change.
So those are the reasons why Wagergang is proud to have his smart contract successfully been audited by Solidity Finance a few days ago!
Wagergang audit details here: https://solidity.finance/audits/WagerGang/